How to Shield Up

The WACEO token is a community-driven asset-backed legal & compliance reserve currency that aims to be means of payment and provision for any future legal or compliance needs. Blockchain-based projects (collectively referred to as DAOs) would be able to swap their native token against the WACEO token and with that create their legal reserves in the Shields Up! event. The projects would allocate a portion of their native tokens and swap them against the WACEO token. The process: - The DAO would submit the Shield Up! request here - - WACEO would evaluate the project by performing legal and technical assessment - When the project is approved, the DAO would vote on the token allocation for creating legal reserves - WACEO AISBL would draft a policy that defines the relationship between the DAO and WACEO AISBL as its legal representative - WACEO would issue (bond) WACEO tokens for the DAO native tokens. The DAO would receive WACEO tokens in form of legal reserves - In parallel, equal amount of WACEO tokens would be minted for the Treasury When a Project participates in the Shields Up! event, it allows the Protocol to accumulate assets and liquidity to secure longevity and price stability for everyone involved. This makes Shields Ups! a mutually beneficial exchange. Bonds are the primary mechanism for Treasury and network growth. Building on the latest DeFi experiments we are giving this exchange a meaningful endeavor in which decentralized projects allocate a portion of their funds, and in return are given the formation of legal reserves.